MedCapital Group Provides $2.6 Million in Non-Recourse Equipment and Tenant Improvement Financing for a Start-up ASC

DALLAS -- MedCapital Group announces $2.6 million in equipment and tenant improvement financing for a new 11,000-square-foot ambulatory surgery center located in northern New Jersey for a national surgery center developer.

After a lengthy search, the developer was experiencing difficulty in locating non-recourse financing for the start-up ASC and was referred to MedCapital Group by their design/build firm. MedCapital was able to provide the financing necessary to meet all their equipment and tenant improvement needs.

"Though non-recourse equipment financing has become increasingly difficult to obtain for start-up ASCs, opportunities do exist. We are pleased that we were able to solve our clients problem and that we continue to receive numerous referrals," said Todd Tidmore, managing director of MedCapital Group.

MedCapital Group specializes in providing financing for medical real estate and medical equipment projects including medical office buildings, ambulatory surgery centers, short-stay hospitals, imaging centers, and other medical related real estate throughout the United States.

Source: MedCapital Group

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